$49,900
SOLD JUL 22, 2022
2 Beds
1 Bath
988 Sq Ft
5,863 Sq Ft Lot

Recently Sold

$51 Per Sq Ft

29% Below List Price

96 Days on Market

Highlights

  • Forced Air Heating System
  • Carpet
  • 1-Story Property

About This Home

As of June 2023

Here is a great opportunity to purchase an established rental. Tenant would like to stay and continue leasing. Property offers 2 bedrooms, 1 bath. Freshly painted and new carpeting. Professionally managed. Sold As-Is. Other property available by the same owner: 609 Birdsell St.

Last Agent to Sell the Property

Natashia Bontrager

McKinnies Realty, LLC Listed on: 04/08/2022

McKinnies Realty, LLC

Last Buyer's Agent

Danielle Henke

Cressy & Everett - South Bend

Cressy & Everett - South Bend

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $919

Year Built

  • Built in 1928

Lot Details

  • 5,863 Sq Ft Lot
  • Lot Dimensions are 41 x 143

Parking

  • Off-Street Parking

Home Design

  • Poured Concrete
  • Shingle Roof
  • Vinyl Construction Material

Interior Spaces

  • 1-Story Property
  • Fire and Smoke Detector
  • Unfinished Basement

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Darden Primary Center Elementary School
  • Dickinson Middle School
  • Clay High School

Utilities

  • Forced Air Heating System

Community Details

  • Marquette Park Subdivision
  • Insurance Expense $375

Listing and Financial Details

  • Tenant pays for cable, electric, heating, sewer, water
  • The owner pays for building insurance, maintenance, tax
  • Assessor Parcel Number 71-03-34-427-001.000-026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$919

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Class: INVESTMENT
  • Year Built: 1928
  • Age: 94
  • Style: One Story
  • Bedrooms: 2
  • Number Above Grade Bedrooms: 2
  • Total Bathrooms: 1
  • Total Full Bathrooms: 1
  • Legal Description: LOT 163 MARQUETTE PARK 1ST
  • Parcel Number ID: 71-03-34-427-001.000-026
  • Platted: Yes
  • Amenities: Basement, Off Street Parking, Detector-Smoke
  • Cross Street: W Hamilton
  • Road Access: City
  • Road Surface: Paved
  • Sp Lp Percent: 100
  • Monthly Gross Income: 750
  • Year Taxes Payable: 2022
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Sq Ft: 1976
  • Total Finished Sq Ft: 988
  • Above Grade Finished Sq Ft: 988
  • Below Grade Sq Ft: 988
  • Price Per Sq Ft: 50.51
  • Basement: Yes
  • Basement Foundation: Unfinished
  • Basement Material: Poured Concrete
  • Flooring: Carpet, Vinyl
  • Total Below Grade Sq Ft: 988
  • Number Of Ranges Ovens: 1

Exterior Features

  • Exterior: Vinyl
  • Roof Material: Shingle
  • Stories: 1

Utilities

  • Heating Fuel: Forced Air
  • Sewer: City
  • Water Utilities: City
  • Water Company: South Bend Municipal Util
  • Annual Insurance Expense: 375
  • Number Of W D Hookups: 1

Schools

  • School District: South Bend Community School Corp.
  • Elementary School: Darden Primary Center
  • Middle School: Dickinson
  • High School: Clay
  • Elementary School: Darden Primary Center

Lot Info

  • Lot Description: 0-2.9999
  • Lot Dimensions: 41 X 143
  • Estimated Lot Sq Ft: 5863
  • Estimated Lot Size Acres: 0.1346

Rental Info

  • Lease Term: Month to Month
  • Owner Pays: Building Insurance, Maintenance, Tax
  • Tenant Pays: Cable, Electric, Heating, Sewer, Water

Multi Family

  • Gross Monthly Rent: 750
  • Number Of Refrigerators: 1
  • Number Of Units: 1
  • Num Of2 Bedrooms: 1
  • Num Of Units Rented: 1

Tax Info

  • Annual Property Tax: 919.3

MLS Schools

  • High School: Clay
  • Middle School: Dickinson
  • School District: South Bend Community School Corp.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2023
Closed on
Jun 16, 2023
Sold by
Verbum Investment Llc
Bought by
Strong Indiana Llc
Seller's Agent
Danielle Henke
Cressy & Everett - South Bend
Buyer's Agent
Danielle Henke
Cressy & Everett - South Bend
List Price
$65,000
Sold Price
$52,000
Premium/Discount to List
-$13,000
-20%
Total Days on Market
96
Views
103
Current Estimated Value
$65,007

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,007
Avg. Annual Appreciation
11.81%

Purchase Details

Listed on
Apr 8, 2022
Closed on
Jul 22, 2022
Sold by
Grace Bay Llc
Bought by
Verbum Investment Llc
Seller's Agent
Natashia Bontrager
McKinnies Realty, LLC
Buyer's Agent
Danielle Henke
Cressy & Everett - South Bend
List Price
$69,900
Sold Price
$49,900
Premium/Discount to List
-$20,000
-28.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.69%

Purchase Details

Closed on
May 12, 2021
Sold by
Ecker Larry
Bought by
Grace Bay Llc

Purchase Details

Closed on
Mar 6, 2020
Sold by
Pfeifer Daniel H
Bought by
Ecker Larry
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $52,000 Metropolitan Title
Warranty Deed -- Jaquinde William
Warranty Deed $19,000 Near North Title
Personal Reps Deed -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2023 06/14/23 Sold $52,000 -20.0% $53 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/21/2023 05/21/23 For Sale $65,000 +30.3% $66 / Sq Ft
07/22/2022 07/22/22 Sold $49,900 0.0% $51 / Sq Ft
07/13/2022 07/13/22 Pending -- -- --
07/08/2022 07/08/22 Price Changed $49,900 -16.7% $51 / Sq Ft
06/28/2022 06/28/22 Price Changed $59,900 -14.3% $61 / Sq Ft
04/08/2022 04/08/22 For Sale $69,900 -- $71 / Sq Ft
Source: Indiana Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,317 $53,300 $6,400 $46,900
2023 $648 $53,100 $6,500 $46,600
2022 $648 $43,100 $9,200 $33,900
2021 $962 $38,300 $7,400 $30,900
2020 $962 $38,300 $7,400 $30,900
2019 $831 $38,300 $7,400 $30,900
2018 $957 $38,300 $7,400 $30,900
2017 $984 $37,800 $7,400 $30,400
2016 $1,005 $37,800 $7,400 $30,400
2014 $915 $47,800 $5,100 $42,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Indiana Regional MLS

MLS Number: 202212199

Indiana Regional MLS

APN: 71-03-34-427-001.000-026